Business Daily from THE HINDU group of publications Thursday, Dec 06, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices move up Mumbai, Dec 5 Bond prices rose by around 5 paise, as improvement in liquidity continued to provide comfort to traders. Total traded volumes on the order-matching system were at Rs 7,495 crore (Rs 5,295 crore). Dealers said that prices inched up by 15 paise during the day but profit booking trimmed the gains at just 5 paise. “The US Fed is expected to cut interest rates next week and if that happens, the widening interest rate differential would attract more funds to India,” said a dealer at a private bank. The 7.99 per cent-10 year-2017 paper opened at Rs 100.73 (7.88 per cent YTM) and closed at Rs 100.78 (7.87 per cent YTM), against the previous close at Rs 100.75 (7.88 per cent YTM). The 8.20 per cent-15 year-2022 paper opened at Rs 100.94 (8.08 per cent YTM) and closed at Rs 101.20 (8.05 per cent YTM), against the previous close at Rs 100.94 (8.08 per cent). – Our Bureau More Stories on : Govt Bonds
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